Comb Comm: Combined Commodity
The set of all eligible products used to generate a total requirement for each Exchange Complex within a portfolio. A Combined Commodity generally consists of all products of the same underlying physical. For example, at the CME, the Eurodollar combined commodity encompasses Mid-Curve options, Eurodollars and Eurodollar options.
An individual Exchange. Each Exchange Complex may have more than one Exchanges product groupings under its umbrella. Each individual Exchange will have its own product grouping.
Identifies the product. Futures are Fut, options on futures are FutOpt, etc.
Span assigns an internal product ID number to each product within a family
The code for each Combined Commodity. For example, SP is the code for the family of products with the underlying physical S&P 500 index.
The name of the product
The margin currency of the product
Cntr Val Factor:
The multiple needed to multiply the contract price by to obtain the value of a contract.
Price Dec Loc:
This number determines where the decimal should be located in each incoming product price
Price Format Code:
This code is uses for products that trade in fractions, and defines the fraction for the particular product, like the 30 Year Treasury Bonds which trade in factions of 1/32
Displays the valuation style of a product (FUT or EQTY). For equity style products a premium is paid at the initiation of the contract. Futures style products are marked to the market.
The Price Method shows how a contract price is quoted.
- IDX - price is an index price with no underlying
- STD - standard is quoted as the price of the underlying product (for example pork belly futures - PB - are quoted cents per pound)
- INT - price as a discount from 100 (for an interest rate index like the Eurodollar)
- PCT - price as a percentage of nominal value ( for bonds with a discount under or premium over parity)
- YLD - price as a yield (debt securities and bonds)
Displays the settlement method by Cash or Delivery
The currency in which the strike is denominated
Strike Dec Loc:
This number determines where the decimal should be located in each product's strike price
Strike Format Code:
This code displays how strikes should be formatted for those products that trade in fractions
The cabinet value of an option. Cabinet trades allow for the liquidation of deep out-of-the-money options by trading the option at a price less than the minimum tick value.